BMG Rights Management is an international music company focused on the management of music publishing, recording rights and music distribution. The company operates as a division of the international media conglomerate Bertelsmann, its name being the legacy of the former Bertelsmann Music Group (BMG), which was sold to Sony Music Entertainment in 2008. The company was established in 2008 as a joint venture between Bertelsmann and the global private equity firm KKR. The company's head office is in Berlin, and it operates regional offices in New York, Nashville, Los Angeles, London, Madrid, Paris, Stockholm, Hilversum, Beijing, Toronto, Sydney, and São Paulo. BMG is the youngest major international company in the music industry.